Tag: Bank Account

Here’s everything you need to know to open an offshore bank account in Belize. Plant your financial flag abroad without leaving the comfort of your living room. Belize isn’t the biggest or most well known of the offshore banking jurisdictions… and that’s just how they like it. Let Switzerland, Singapore and Hong Kong take the heat and leave Belize banks alone. Belize banks focus on tax compliant international investments, rock solid asset protection, and privacy from civil creditors. That’s all to say, if you want to go offshore “the right way,” and without a target on your back, Belize is the place to be. Here’s how to open an offshore bank account in Belize… from your living room… and why you want one. Opening a bank account in Belize is…

If you live in Panama, opening a bank account is straightforward. Those not living in the country must have a link with Panama in order to open an account, such as a job, property or renting a home. You must be physically present at the bank to open a bank account. Some banks allow a lawyer to open a bank account in your name before you arrive. However, upon arrival you will have to go to the bank to show the required documents. The documents required to open a bank account are the following: A letter from your employer in Panama A letter from your lawyer attesting that you have applied for a visa and work permit A photocopy of your passport A photocopy of another official photo I.D. References…

Opening a bank in Nicaragua is fairly simple and it is not always necessary to prove that you are an official resident of the country i.e. that you have your Nicaraguan residencycédula. Expats on a temporary visa can also open a bank account. Having said this, you may need to shop around to find a bank that will allow you to open an account on your temporary visa. There seem to be fewer problems in Granada and San Juan del Sur, so if you’re struggling head to either of these areas. Documentation If you are living in Nicaragua and want to open a bank account you will need to bring the following documents, depending on your status. Foreign residents: Nicaraguan residency cédula and passport Two bank reference letters Water or…

Different banks in Costa Rica all hold different requirements for opening a bank account. For savings accounts in Colones, initial deposits range from 3,000 Colones to 25,000 Colones. For US Dollar accounts count on a range from US$ 10 to US$ 500 The minimum balance for accounts in Colones is none with most banks, whereas US Dollar accounts require minimum balances of none to several hundreds of Dollars. Costs of savings account as well as the issuance of a debit range from free to around 10 US Dollars. Checking accounts are more difficult to obtain by foreigners due to the legal requirements. If you do not have a residency status you will have a hard time opening a checking account. Initial deposits for checking accounts in Colones vary from 50,000…

Mexico - Money Mexican banks offer accounts in Mexican Pesos or US-Dollars. There are significant differences between account services and fees, so shop around before making a decision. To open a Mexican bank account you will need valid identification such as your passport or driving license and a proof of address. Dollar denominated accounts are only available for citizens of the US and Canada or for corporations. To open a corporate account you will need all articles of your incorporation and a power of attorney. Checking accounts in Mexico Checking accounts can be opened at any retail bank in Mexico. Charges can vary and often depend on a minimum deposit that you leave in your account (if you go below this deposit charges automatically go up). Many banks only…